SOPH price

Union is a bit interesting, this is a new generation of modular cross-chain L1, EVM, Cosmos, Move, Solang, BitVM can all run Chain abstraction + payment abstraction is carried out together, which is equivalent to ZK-driven LayerZero, benchmarking LayerZero, Axelar, and Wormhole, but more decentralized and lighter Just set a record and held the most attended trusted setup ceremony in the history of blockchain, second only to Ethereum KZG in scale This process is a critical part of all ZK systems before they go live: users around the world take turns contributing randomness, and as long as one person is honest, the whole set of parameters is secure Union uses this method to make its position that ZK is not about privacy, but about reconstructing cross-chain trust, and directly using ZK to compress the consensus of the chain into verifiable evidence, so that the chain can speak its own words At present, it has raised more than $16 million, backed by funds such as gumi and LongHash, and partners include Polygon, Berachain, Babylon, Celestia, Sui and other leading projects The Union ecosystem is also taking off: Tower DEX and incubation camps are in the process of landing. It is becoming the base of choice for projects on various tracks SOPH ignited the ZK narrative, and now Union has taken over the baton

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So impressive, hope the LPs eating the fees are okay. Let's just call it zkj🤣 Maybe alpha is also about to fulfill its mission, having digested quite a bit of VC bubble. The arbitrage rewards started with merl, with both volume and price soaring, the DeFi veterans are well-fed. The upcoming soph, sqd, etc. are also looking good. Since when have there been no rewards? The alpha crashed at the opening, then the airdrop crashed, with no buying pressure, it just kept going down. Later, there was a beast of a project team that dumped over a hundred thousand dollars just five minutes early, that’s when I felt something was off, and I completely stopped arbitraging. Alpha isn't being traded anymore, the wear and tear means you can't even break even, I don't know how the studio is going to lower costs. Also, up to now, I still haven't caught the project team that issues alpha tokens, can just sleep on it, even if it goes up, there won't be liquidity to sell.

Good night if you gn 🌙 Nightly diary: Market's wrecked, but that just means we're going to yap more and watch for clean entries. If the market comes back in a short period of time after a crash it tends to repeat the same narratives and prop the same core coins back up. So make your shopping list, and get yapping on the things that stand out to you most. Here's what I think will be worth watching in terms of movements: 1. Virtuals will get another run even if the Iris consolidation caused concern today, hints of this are on the $VADER chart, and the $BIOS chart was also looking great before today's dump. 2. AVAX and its coins have tried a breakout every time the market is healthy, will be watching $AVAX closely for direction. 3. @sophon was looking good, I want to see the SOPH coin break out first, but you don't need to buy the coin, you could just yap for rewards or stake for Sophon Points. 4. @Polkadot game time, I get to take some time off now to play FIFA Rivals, since the market will stall out, it feels pretty good.

What is a trusted setup ceremony, and what kind of translation is this? Just after posting this, I found out that a heavyweight project about to have its TGE, @union_build, is promoting itself, claiming that its trusted setup ceremony has set a record for the most participants in blockchain history, with 4,664 verification contributors, surpassing Manta Network's record from 2023, and there are another 4,590 contributors in the queue. Hold on, hold on... I think I understand what you're saying, but what exactly is this trusted setup ceremony? It turns out that the trusted setup ceremony is a direct translation of Trusted Setup Ceremony. My goodness, it really doesn't twist at all; have you never been to Chengdu? Today, I must give you a treatment and change the translation. Isn't Trusted Setup Ceremony just a foundational ceremony? Union aims to connect all ecosystems (L1, L2, Rollup, AppChain), be compatible with all languages (Solidity, Move, Babylon, Cosmos...), and not rely on validators, oracles, or multi-signatures. So how is this achieved? The answer is: ZK, Zero-Knowledge proofs. We've already explained zero-knowledge proofs; it's not about having zero intelligence, it's a powerful concept in cryptography. In simple terms, it means you can prove you know a secret without revealing what the secret is, and the other party can still trust you. However, this zero-knowledge proof also requires a kickoff ceremony to bring in a group of people to establish a basic parameter. These people collaborate to generate secure and reliable public parameters, which is necessary to achieve the functionality that Union desires. This process is called the Trusted Setup Ceremony, and I suggest translating it as "foundational ceremony"—how trustworthy, elegant, and effective is that? Union has set this record and is promoting it; what’s so impressive about it? Just because over 4,000 people started boasting? Monod has 400 million people! No, this isn't about gathering heads to boost interactions; it's a top-tier cryptography feast. To put it another way, it's like organizing a "global chicken dinner competition" where 10,000 people sign up, but only 10 can actually play the game, while the rest are all newbies. Will the competition be exciting? No, it's just a bunch of noobs pecking at each other, utterly meaningless! Union's foundational ceremony is like inviting over 4,000 "professional players," each contributing high-quality cryptographic parameters, elevating Union's chicken dinner competition to an unprecedented level that will be hard for future participants to catch up to. More people means a safer proof network, more complex technical coordination, and invaluable community support, so this record is indeed impressive, comparable to breaking a world record at the Olympics, proving Union's absolute strength in this field. Otherwise, it wouldn't have quickly secured $15 million in Series A funding from top institutions, with over 50 projects like Berachain, Polygon, Sui, and Avalanche building on it. To summarize in one sentence: Union's cross-chain capabilities are more broadly compatible than LayerZero, more decentralized than Wormhole, and simpler and lighter than Axelar. Now that Union is about to have its TGE, if you must draw a comparison, you can look at the $SOPH in the same ZK track, which is already on the BN spot market and can be a focus. I hope @union_build can consider my translation; if adopted, remember to send me a Grant, and I'll hold a lottery for my teachers. That's it, goodbye.